John George Rotando Jr., of Greenwich, Connecticut, a stockbroker registered with Wells Fargo Clearing Services LLC, is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested damages based upon the alleged unsuitable investment recommendation of variable annuities when Rotando was associated with Wells Fargo Clearing Services LLC. FINRA Arbitration No. 24-00722 (April 2, 2024).
This is not the first time that Rotando has been referenced in a customer initiated investment related dispute concerning Rotando’s conduct in the securities industry. FINRA Public Disclosure shows that Rotando is also referenced in a customer initiated investment related complaint that was settled on July 1, 2002, for $8,000.00 in damages based upon alleged unsuitable advice about mutual funds during the time that Rotando was associated with UBS PaineWebber Inc.
On August 16, 2013, a FINRA securities arbitration claim involving Rotando’s conduct was settled for $40,000.00 in damages based upon alleged misrepresentations of material fact and unsuitable investment recommendations of closed-end funds and stocks during the period that Rotando was associated with Banc of America Investment Services Inc. FINRA Arbitration No. 12-03534.
Since April 29, 2016, Rotando has been associated with Wells Fargo Clearing Services LLC in Greenwich, Connecticut as a stockbroker, and with Wells Fargo Advisors as an investment advisor representative.
